canadian
Utilities stocks fell in 2023 on strong and competing demand for bonds as interest rates spurred bond yields. Higher interest rates also increased the borrowing costs for utilities as they undertook new projects and upgrades.
However, it now looks like interest rates will come down in the next few months....
In a search for your top 2024 buys, we’ve once again selected three stocks (one each from the Conservative, Aggressive and Income Portfolios).
We feel all three are poised to deliver big gains for our readers, not only this year but for many years to come....
BCE offers a strong 7.1% yield even as it trims capital spending to improve cash flow
A: Canadian Natural Resources Ltd., $87.75, symbol CNQ on Toronto (Shares outstanding: 1.1 billion; Market cap: $94.7 billion; www.cnrl.com), is a producer of oil and natural gas in Western Canada, the U.K....
Top banking pick Royal Bank of Canada offers a solid 4.1% yield and a cheap valuation with shares trading at just 10.9 forecast earnings.
TMX GROUP LTD., $31.50, symbol X on Toronto, is an operator of public trading platforms and a provider of ancillary services. The company owns Canada’s two primary stock exchanges, the Toronto Stock Exchange and the Montreal Exchange, as well as clearing entities for domestic Canadian markets (CDS and CDCC)....
RUSSEL METALS INC., $44.00, is a buy. Through their shares, investors tap one of North America’s largest metal distributors: the company (symbol RUS on Toronto) serves 33,000 clients at 48 locations in Canada and 16 others in the U.S.
Russel has now added Stewart Burton to its board of directors....
Russel has now added Stewart Burton to its board of directors....
IMPERIAL OIL LTD., $78.60, Toronto symbol IMO, is a buy.
The company gets over 90% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in offshore projects in Atlantic Canada.
Its other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario.
With the July 2023 payment, the company raised your quarterly dividend by 13.6%, to $0.50 a share from $0.44....
The company gets over 90% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in offshore projects in Atlantic Canada.
Its other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario.
With the July 2023 payment, the company raised your quarterly dividend by 13.6%, to $0.50 a share from $0.44....
ROYAL BANK OF CANADA, $134.63, Toronto symbol RY, is still a buy.
The bank has received final regulatory approval to buy the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC).
HSBC operates 130 branches that mainly cater to businesses in industries that trade and bank internationally....
The bank has received final regulatory approval to buy the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC).
HSBC operates 130 branches that mainly cater to businesses in industries that trade and bank internationally....
LOBLAW COMPANIES, $127.50, is a buy. The retailer (Toronto symbol L; Shares outstanding: 313.1 million; Market cap: $40.1 billion; TSINetwork Rating: Above Average; Dividend yield: 1.4%; www.loblaw.ca) operates 1,104 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....